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Express Car Wash Property
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2375 S Kanner Hwy, Stuart, FL 34994

Leased express car wash with an absolute NNN structure and built-in annual rent increases.

Property SizeContact for details
Days on Market12

Property Features for 2375 S Kanner Hwy

General Information

Standard status Active
Property subtype Special Purpose

Building Details

Tenancy Single
Listing Agency: Northmarq
Listed By: Maxwell Eaton · License #341497
Source: Crexi
Added: Sep 10 Changed: Sep 16 Last Checked: Sep 21 at 7:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq

Investment Insights

Based on property information with market context.

This fee-simple property is an express car wash occupied by Waters Car Wash under an original 20-year Absolute NNN lease. The lease provides 1.50% annual rent escalations during the base term and continues those increases through four additional five-year extension options.

The property is located at 2375 S Kanner Hwy in Stuart, Florida. The asset combines an operating car wash use with a long-term lease structure and contractual rent growth provisions.

Key Highlights

  • Express car wash leased to Waters Car Wash
  • Original 20‑year Absolute NNN lease
  • 1.50% annual rent escalations during the base term

Property Analytics

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Current Use

Waters CarWash Car Wash

Suggested Use

Top Pick Dental Office Parking Lot & Garage Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

838
Businesses Nearby
103k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 73% Dining 27%
Wawa Shops & Services
47,380 visits/mo 0.0 miles
Culver's Dining
22,426 visits/mo 0.1 miles
Dollar Tree Shops & Services
11,897 visits/mo 0.2 miles
Speedway Shops & Services
9,874 visits/mo 0.1 miles
MIDFLORIDA Credit Union Shops & Services
6,267 visits/mo 0.1 miles

Demographics for 34994, FL

17,843
Population
10,086
Households
1.8
Avg Household Size
51
Median Age
36%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,663
Density / Sq Mi
$62,895
Median Household Income
$33,547
Median Earnings
$1,558
Median Rent
$248,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Car wash - Leased express car wash with an absolute NNN structure and built-in annual rent increases.
Where is this car wash located?
The property is located at 2375 S Kanner Hwy Stuart, FL.
What is the asking price?
The asking price for this property is $6,556,522.
What are key features of this property?
This property features: Express car wash leased to Waters Car Wash; Original 20‑year Absolute NNN lease; 1.50% annual rent escalations during the base term
More about this property
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